Appointment

October 13, 2026 To To Corporate Relationship Department Listing Department BSE Limited National Stock Exchange of India Ltd. Department of Corporate Services, Exchange Plaza, 5th Floor, G-Block, P. J. Towers, Dalal Street, Fort, Bandra Kurla Complex, Bandra East, Mumbai 400 001 Mumbai - 400 051 Scrip Code: 532543 Scrip Symbol: GULFPETRO Dear Sir/ Madam, Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirement) Regulations, 2015 - Outcome of the Board Meeting Time of Commencement of the Board Meeting : 12:45 P.M. Time of Conclusion of the Board Meeting : 01:40 P.M. Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Board of Directors of the Company, at its meeting held today, i.e. October 13, 2026, inter alia, has considered and approved the following: - 1. Acquisition of equity shares Sale Shares of Incubit Pipavav Terminal Private Limited some of its existing shareholders Selling Shareholders , for an aggregate consideration of INR 44,26,97,141 (Indian Rupees Forty-Four Crores Twenty Six Lakhs Ninety-Seven Thousand One Hundred and Forty One only), subject to any change in valuation of the shares of IPTPL, which may be acquired in multiple tranches over a period of one year from internal reserves of the Company. The proposed acquisition is being undertaken as a strategic investment to related infrastructure. The details for the same is enumerated as Annexure A. 2. Authority to execute and conditions agreed between the parties and in compliance with applicable laws and regulations, with the SHA governing the rights of the Company and the other shareholders vis- à-vis IPTPL. 3. Resignation of Mr. Arjun Verma from the position of Chief Financial Officer (CFO) of the Company w.e.f. October 15, 2026, while continuing to serve as the Whole Time Director (Designated as Executive Director (ED)) and Key Managerial Personnel of the Company. The details for the same is enumerated in Annexure B and a copy of the resignation letter submitted by Mr. Arjun Verma is enclosed as Annexure - B1; and 4. Appointment of Mr. Shirish Suvagia as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company with effect from October 15, 2026, as recommended by the Audit Committee and the Nomination and Remuneration Committee. The details for the same is enumerated in Annexure C. 5. In terms of Regulation 30(5) of the SEBI LODR Regulations, please find below the updated list of Key Managerial Personnels authorised to determine the materiality of events/information and to make necessary disclosures to the Stock Exchanges: Sr. No. Name and Designation Contact details 1 Mr. Ayush Goel Address: 804, 8th Floor, Chairman & Managing Director Ackruti Star, MIDC Central 2 Mr. Arjun Verma Road, MIDC, Andheri (East), Executive Director Mumbai 400093 3 Mr. Shirish Suvagia (w.e.f. October 15, 2026) Email: cs.gppl@gpglobal.com Chief Financial Officer Tel: 022-61482500 4 Mrs. Kanika Sehgal Sadana Company Secretary & Compliance Officer The detailed disclosures relating to the proposed items as required under Regulation 30 of the SEBI LODR Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, as amended and consolidated in the SEBI Master Circular for compliance with the provisions of the SEBI LODR Regulations dated January 30, 2026, are provided herein. We request you to kindly take the same on your record. Thanking You, Yours faithfully, For GP PETROLEUMS LIMITED KANIKA SEHGAL SADANA COMPANY SECRETARY AND COMPLIANCE OFFICER ACS:31466 Annexure- B RESIGNATION OF MR. ARJUN VERMA AS CHIEF FINANCIAL OFFICER Particulars Mr. Arjun Verma Reason for change viz. appointment, re-appointment, Resignation from the position of resignation, removal, death or otherwise CFO of the Company, while continuing to serve as the Whole Time Director (Designated as Executive Director (ED)) and Key Managerial Personnel of the Company. Date of appointment/re-appointment/cessation (as October 15, 2026 applicable) & term of appointment/re-appointment Brief profile (in case of appointment); Not Applicable Disclosure of relationships between directors (in Not Applicable case of appointment of a director). Annexure-C APPOINTMENT OF MR. SHIRISH SUVAGIA AS CHIEF FINANCIAL OFFICER Particulars Mr. Shirish Suvagia Reason for change viz. appointment, re-appointment, Appointment as Chief resignation, removal, death or otherwise Financial Officer, Key Managerial Personnel of the Company. Date of appointment/re-appointment/cessation (as October 15, 2026 applicable) & term of appointment/re-appointment Brief profile (in case of appointment); Enclosed Disclosure of relationships between directors (in case of Mr. Shirish Suvagia is not appointment of a director). related to any of the Directors of the Company. Brief Profile of Mr. Shirish Suvagia Mr. Shirish Suvagia is a qualified Chartered Accountant with over 22 years of professional experience in finance and accounts, treasury management, strategic financial planning, mergers and acquisitions, equity structuring, fundraising through debt and private equity, and business partnering. He has extensive experience in managing treasury operations of of Ind AS and IFRS, IPO- related activities including preparation of Draft Red Herring Prospectuses (DRHPs), valuation, due diligence, financial structuring and negotiations with private equity firms. His expertise also encompasses financial planning and budgeting, cash-flow and fund-flow management, risk management, internal financial controls, statutory compliance, corporate governance and financial policy development. He has worked closely with Boards and senior management in formulating financial strategies, identifying investment and divestment opportunities, improving operational efficiency and enhancing profitability. He also possesses proficiency in data analytics tools, including SAS Programming, Power BI, Power Map and R Programming. Academically, he holds a Bachelor of Commerce and Master of Commerce in Accountancy and Taxation from the University of Mumbai, a Chartered Accountancy qualification from the Institute of Chartered Accountants of India (ICAI), a CISA certification from ISACA, an IFRS qualification from ICAI and an Executive MBA in Strategy from IIM Indore.